US IPO activity fell 59% in the 2nd quarter as SPACs dried up following a regulatory crackdown

US IPO activity fell 59% in Q2. SPACs dried up following a regulatory crackdown. In a regulatory crackdown of the burgeoning SPAC companies, the SEC introduced new legislation that called for classifying warrants as liabilities rather than the previously positioned equity instrument. This has made the world of regulatory reporting for SPACs complex, causing a […]